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Andhra auction season being extended

Andhra auction season being extended

| July 20, 2015

The Tobacco Board of India is extending to the end of September the flue-cured tobacco auctions currently being staged in Andhra Pradesh because of the slow rate of sales, according to a Business Standard story relayed by the TMA. Only 58 million kg have been sold so far this year, compared to 105 million kg […]

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Zimbabwe’s growers take eight percent price hit

Zimbabwe’s growers take eight percent price hit

| July 20, 2015

Zimbabwe’s 2015 flue-cured tobacco marketing season ended on Wednesday with growers taking a nearly eight percent hit on prices, according to a New Zimbabwe story. Grower prices were down from US$3.20 last season to US$2.95 this season. At the same time, volume sales were said to be down by 8.5 percent to 188.5 million kg […]

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PMI’s shipment volume down in second quarter

PMI’s shipment volume down in second quarter

| July 17, 2015

Philip Morris International’s cigarette shipment volume during the second quarter to the end of June, at 219,833 million, was down by 1.3 per cent on that of the second quarter of 2014, 222,801 million. Excluding the effect of acquisitions, shipment volume was down by 1.4 percent. Volume was down in each of its four regions: […]

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PMI and Altria extending e-vapor co-operation

PMI and Altria extending e-vapor co-operation

| July 17, 2015

Philip Morris International announced yesterday the extension of its December 13 strategic framework with the Altria Group to include a joint research, development and technology sharing agreement. ‘The additional Agreement provides the framework under which PMI and Altria will collaborate to develop the next generation of e-vapor products for commercialization in the United States by […]

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SM and PMI to dissolve smokeless joint venture

SM and PMI to dissolve smokeless joint venture

| July 17, 2015

Swedish Match and Philip Morris International have mutually agreed to dissolve their joint venture agreement relating to the sale of smokeless tobacco products outside Scandinavia and the US. The joint venture, SMPM International, which was owned on a 50/50 basis by Swedish Match and PMI, was established in 2009. In a press note, Swedish Match […]

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Swedish Match’s second quarter sales increased

Swedish Match’s second quarter sales increased

| July 17, 2015

Swedish Match’s sales during the second quarter to the end of June, at SEK3,644 million, were up by nine percent on those of the second quarter of 2014, SEK3,339 million. Operating profit, excluding SM’s share of net profit from the Scandinavian Tobacco Group (STG) and larger one-off items, increased by nine percent to SEK937 million, […]

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